Challenges that FMCG Supply Chains need to overcome
- Increasing complexity of managing perishable products balanced against customer service expectations
- Need to reduce time-to-market
- Explosion of data volumes and sources
- Risk of not maintaining regulatory compliance
- Need to acquire, train, and retain talent
- Need to improve availability, performance, and use of decision support tools
- Need to maintain traceability and recall capabilities
- Decreasing profit margins & increasing total supply chain costs
- Increasing costs due to market Disruptions
- Increasing raw, WIP and FG Inventory
- Increasing staffing and training cost
- Ability to reliably predict financial performance
- Pressure to provide tangible ROI to the business versus being a cost-centre
